INCOME BELLOW 500000 UNDER THE HEAD SALARY

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 June 2011 Dear Sir/Experts/friends

If income under the head salary for the as a.y. 11-12 i.e for f.y 10-11 is less than 500000 than in this case return shall b required to file?

Do we need to see gross income or net income?

08 June 2011 NOTHING PRECISE COULD BE SAID TILL THE GOVERNMENT COMES OUT WITH APPROPRIATE NOTIFICATION
WAIT FOR THE NOTIFICATION TO BE ISSUED
CA MANOJ GUPTA
JODHPUR
09828510543

08 June 2011 Notification is yet to be published.

may be It will be the income under head salary only.

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 June 2011 Firstly many many thanks for guiding me.

Then at present what i do whether to file return or i should wait upto last date for filing the return???

And if i need to take a loan than form 16 will be treated as return??

whether bank will accept form 16 as retun???

Plase advise me.....

09 June 2011 Better is to file return.


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